MUNCIE — The City of Muncie has reached a deal with a developer for an $11.8 million housing project called "City View 2."
On Tuesday, the city announced it had reached a deal with Miller Valentine Construction to build more than 35 homes throughout the city, according to a press release from the city.
The project will consist of mainly single-family workforce housing homes and will be rental units to begin, according to the release. There will be options for tenants to purchase the homes later.
Tenants will receive a credit for part of the rent to go toward the purchase price, according to the release.
Through combined efforts from the Muncie Redevelopment Commission, tax abatement from the council, HOME funds from the community development department and the mayor's EDIT funds, the city will provide $1.8 million to help fund the project, Tony Sandleben, director of communications for the city, said in an email. Miller Valentine Construction will pay the rest.
The homes will be built on 37 lots currently owned by the redevelopment commission in the following areas:
- 10 homes in the Southside Neighborhood
- 10 homes in the Thomas Park/Avondale neighborhood
- 17 total homes in the Industry, Blaine Southeast and Central neighborhoods
"This project represents the full cycle of redevelopment in Muncie in the Ridenour Administration," the press release from the city read. "The MRC sees a bad property, acquires it, then demolishes the broken-down house. The City, then, works to secure a developer to build new housing stock for the community."
Muncie Mayor Dan Ridenour said he is encouraged to see the redevelopment cycle work in the way it is.
“Community development is only possible when we work together just like this," Ridenour said in the release. "Building new homes where a problem house once was improves our housing options, reduces the average age of our housing and helps build neighborhoods.”
Development is set to begin in May.
-
Fishers' Police state-of-the-art forensics tech looks to improve public safety
The Fishers Police Department has launched a cutting-edge crime lab equipped with advanced forensic technology, designed to expedite investigations and enhance public safety.
Indy clinic begins Autism Diagnostic Evaluations to help cut down on wait times
A local clinic is providing a new service to help cut down on wait times for families seeking evaluations to find out if their child is on the autism spectrum.
Ball State ends DEI programs to comply with President Trump's executive order
Ball State University's board of trustees approved a resolution to revise or end policies and programs relating to DEI to comply with President Trump's executive order.
Bloomington utility workers have fixed dozens of water main breaks this year
City of Bloomington Utilities has repaired 32 water main breaks so far this year. A water main break in the Gentry neighborhood Wednesday led to a boil water advisory due to low water pressure.
